Wednesday, December 9, 2020

Report: 10,000 restaurants expected to close in the next 3 weeks because of COVID-19

Editor's note: Part of the WEF's "Great Reset" (bring an end to populism) and Agenda 2030 is to shut down all food supply chains reorganizing them with only corporate food producers/suppliers remaining resulting in the complete control of food production and distribution. This isn't to prevent the spread of SARS-CoV-2 but to close down independent food related businesses as technocratic communism replaces these businesses.

Source: Eye Witness News

Wednesday, December 9, 2020

About 17% of America's restaurants have already permanently closed this year, with thousands more on the brink according to a new report. 

The National Restaurant Association is publicly pleading with Congress to pass new stimulus to help the industry that has been damaged by the pandemic. The group said Monday that 10,000 restaurants could close in the next three weeks, in addition to the 110,000 that have already shuttered in 2020.

ALSO SEE | Business owners brace for possible new limitations as COVID-19 cases increase

The group released results from a survey of 6,000 restaurant operators, revealing that 87% of full-service restaurants reported an average 36% drop in revenue and 83% expects sales to be "even worse" over the next three months as the virus continues to lash the United States.

"In short, the restaurant industry simply cannot wait for relief any longer," said Sean Kennedy, executive vice president for the group, said in a release. He advocates for a "true compromise" between the competing Democrat and Republican proposals and hopes for a larger stimulus package in 2021 under the incoming Biden administration.

CNN Business' dashboard tracking America's recovery shows a steep drop in restaurant reservations -- down 70% during the pandemic. They recovered in September, but have fallen once again since.

A bipartisan stimulus proposal could be unveiled this week. It's unclear if the extension of the Paycheck Protection Program, which the group wants, will be included.

ALSO SEE | North Carolina bars, restaurants battle cold temps as COVID-19 cases rise

Another measure, called the Restaurants Act of 2020, was passed by the Democratic-controlled House in October as part of a $2.2 trillion stimulus relief package. But it has not been taken up by the Republican-controlled Senate and is unclear if that will be part of any final relief package.

Please go to Eye Witness News to read the entire article. 

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